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Investing.com -- Garuda Indonesia, the state-owned air carrier, plans to purchase Boeing (NYSE:BA) aircraft, according to CEO Wamildan Tsani Panjaitan.
The planned purchase would include Boeing 737 Max 8 and 787-9 aircraft models, Panjaitan said.
The CEO declined to provide a timeframe for the acquisition. He also did not specify whether the purchase is part of an Indonesia-US trade memorandum of understanding.
When asked about financing, Panjaitan would not confirm if the company would use loans recently secured from Danantara for the aircraft purchase.
The announcement came after Panjaitan met with Indonesia’s Coordinating Economic Minister in Jakarta to discuss US trade talks.
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